Financial advantages of dermatology practice management with phynet
Discover the Monetary Benefits of Affiliation
Affiliating with PhyNet means monetizing your practice, as well as becoming a shareholder in a growing network of dermatologists committed to outstanding patient care. Because affiliation improves efficiency as well as a physician's ability to focus more fully on high-quality treatments instead of administrative burdens, profitability naturally increases. Dermatology practice management is primarily about equipping doctors to pursue their passion and practice medicine the way they want, but PhyNet's services that allow this focus also come with a variety of financial advantages.
PhyNet welcomes new physicians to the network with incentive plans designed to maximize revenue along with efficiency.
Why Choose PhyNet for Dermatology Practice Management?
Our affiliates choose PhyNet for dermatology practice management so they can put their attention where it matters most: on patients. Physicians are freed from the day-to-day tedium of non-clinical tasks, as well as given peace of mind in the knowledge that financial advantages are immediately apparent.
Since PhyNet is a broad network of shared resources, the simple fact that administrative tasks become centralized can increase profitability. Accounting, payroll management, and other services can be provided at a much lower cost in a network than when handled individually. These cost savings alone can be significant for many dermatologists, but they are just the foundation for further financial advantages:
- Each affiliate starts its relationship with PhyNet by receiving a thorough practice evaluation that generates a picture of what is working well and what systems can be adjusted to perform even better.
- Marketing the practice by using advanced strategies to amplify your existing brand and messaging can increase top-line revenue. Greater patient awareness can translate to increased traffic and revenue.
- PhyNet's back-end systems further boost revenue by improving the billing and collections process. Emphasizing accuracy in the initial billing cycle and consistent follow-up for collections yields a greater success rate.
- Experienced handling of human resources and dermatology regulatory compliance mitigates the risk of mistakes that can ultimately prove costly to a practice facing fines or other unexpected expenditures.
More About PhyNet Dermatology
PhyNet uses sophisticated tools to identify the areas where people are seeking out dermatological care. These geographic markets are naturally going to have a patient base that provides a more steady revenue stream than in areas where a desire for professional skincare services is not as great.